crypto news — Page 3 of 3
58 total articles about crypto news.
Crypto Exchange Bithumb Raided by South Korean Prosecutors Over Embezzlement Allegations: Report
with stolen funds Background: In June of 2018, South Korean cryptocurrency exchange Bithumb was hit with a major security breach, resulting in the theft of approximately $31 million worth of digital assets. The exchange was quick to reassure its customers and the public that they would be fully reimbursed for any losse
North Dakota Senate Passes Crypto ATM Bill to Create Licensing Regime
Impact on Crypto Market: The passing of North Dakota House Bill 1447 has caused a stir in the crypto market, with many investors and traders closely monitoring the effects of this new legislation. While some have expressed concerns about the potential limitations on daily transactions, others see this as a positive ste
Russia leans on cryptocurrencies for oil trade, sources say
Cryptocurrency in Oil Trade Russia has been using cryptocurrencies like Bitcoin and Ethereum in its oil trade with China and India, according to sources familiar with the matter. This move is seen as a way for Russia to bypass the sanctions imposed by Western countries. The use of cryptocurrencies in the oil trade has
Coinbase Plans India Comeback After Securing Regulatory Registration With FIU
Regulatory Pressure Leads to Exchange Withdrawal As the cryptocurrency market continues to gain mainstream attention, governments around the world are taking notice and implementing regulations. This has been the case for the country, where the government has put pressure on cryptocurrency exchanges to comply with stri
Robinhood to pay $30M to settle US regulator probes
What Led to the Fines? Robinhood, the popular commission-free trading app, has been in hot water recently with regulators. In December 2020, the Financial Industry Regulatory Authority (FINRA) fined Robinhood $57 million for a variety of issues, including misleading customers about how it made money and not adequately
Upbit operator Dunamu files lawsuit to overturn business sanction
Regulators Find Faults in Dunamu's Verification Process Upbit's parent company Dunamu is facing serious consequences after regulators found faults in its verification process. This has caused a major setback for the popular cryptocurrency exchange platform. The company is now attempting to overturn the business sanctio
Pakistan to Set Up Council to Oversee Crypto Policy: Report
This council would be responsible for monitoring and regulating the rapidly growing crypto market. Why do we need a crypto council? The crypto market has seen immense growth in recent years, with new cryptocurrencies and blockchain projects popping up every day. While this growth is exciting, it also brings with it a n
Crypto-Friendly Former Congressman Patrick McHenry Joins A16z as a Senior Advisor
Introducing the New Crypto Policy Advisor: John McHenry #CryptoPolicy #InnovatorsUnite John McHenry, a well-known figure in the crypto community, has recently taken on a new role as a policy advisor for the industry. With years of experience and a deep understanding of the ever-changing regulatory landscape, McHenry is
Robinhood to Introduce Crypto Products in Singapore This Year: Bloomberg
Bitstamp Acquisition: A Game-Changer for Crypto Trading The recent announcement of the acquisition of Bitstamp by the trading platform has sent shockwaves throughout the crypto community. This strategic move is set to revolutionize the way traders access and trade cryptocurrencies, with potential benefits for both seas
Standard Chartered, Animoca Brands, and HKT Partner To Launch Hong Kong Dollar-Backed Stablecoin as Regulatory Framework Advances
The Partnership The three companies, Standard Chartered, Animoca Brands, and HKT, have joined forces to launch a Hong Kong dollar-backed stablecoin. This partnership aims to provide a secure and efficient way for users to transact in Hong Kong dollars on the blockchain. The stablecoin, named HKD Coin, will be backed 1: